ABERCROMBIE FITCH CO DE
For the period ended May 3, 2025. Filed Jun 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 3, 2025 · Filed Jun 6, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
LEASES
- LEASES
The Company is a party to leases related to its Company-operated retail stores as well as for certain of its distribution centers, office space, information technology and equipment.
The following table provides a summary of the Company’s operating lease costs for the thirteen weeks ended May 3, 2025 and May 4, 2024:
| Thirteen Weeks Ended | ||
|---|---|---|
| (in thousands) | May 3, 2025 | May 4, 2024 |
| Single lease cost (1) | $69,847 | $59,980 |
| Variable lease cost (2) | 48,575 | 46,169 |
| Operating lease right-of-use asset impairment (3) | 449 | 339 |
| Sublease income | (988) | (984) |
| Total operating lease cost | $117,883 | $105,504 |
(1)Includes amortization and interest expense associated with operating lease right-of-use assets and the impact from remeasurement of operating lease liabilities.
(2)Includes variable payments related to both lease and nonlease components, such as contingent rent payments made by the Company based on performance, and payments related to taxes, insurance, and maintenance costs.
(3)Refer to Note 8, “ASSET IMPAIRMENT,” for details related to operating lease right-of-use asset impairment charges.
The Company had minimum commitments related to operating lease contracts that have not yet commenced, primarily for certain Company-operated retail stores, of approximately $133.0 million as of May 3, 2025.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.